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Brand New Upbeat Restaurant

Brand New Upbeat Restaurant

Carmel, IN
Listing Number: IEB-104-17

Financial Information

Asking Price: $395,000 Real Estate: LeasedGross Revenues:Cash Flow:

Business Description

Brand New Restaurant has opened in a very popular Northeast Side Indy Metro area. A new equipment and furnishings. Restaurant is open currently and has a full staff in place. Managers in place for front end, bar area, and kitchen. A vary broad Menu includes steaks, seafood, chicken, sandwiches and more guarantees there to be something for everyone. The unique themed décor is attractive and assure clients have a pleasurable dining and entertainment experience. A Bose sound system, a grand piano and TV's are throughout the bar. All brand new kitchen equipment as well as walk in cooler and freezer. 14 beers on draft. Includes 2 way beer & wine license.

Being sold for less than the cost of build out. NOT a Franchise. Only reason for sale is the owner's recent medical issue.

General Information

Facilities: Total seating is more than 270 indoors and 100 outdoors. Dining Room capacity of 170 seats, including both booths and tables. Bar area seats approximately 100 in booths, bar tops, and bar counter. 7,200 square feet total. Outdoor patio with fireplace could seat another 100 in good weather. Transferable 7 year lease at 8% of net revenues with a minimum of $10K/month.

Growth & Expansion: Cable TV ads started early-Dec and radio ads will start mid-Dec. Expecting to get 3 way liquor license in March timeframe for $1500.

Employees: 25

Financing:

Support & Training: Full experienced staff in place. Limited support from experienced restaurant owner during transition as medical condition permits.

I would certainly recommend IEB and would use them again if I had the need. They kept their promises, worked hard and sold my business to a buyer from across the country. Choosing IEB was one of the best decisions I ever made with my business.